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Otedola deepens stake in First HoldCo with fresh

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DBN, AfDB seal $61m deal to boost credit

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Amazon cuts 100 Jobs in devices, services unit

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

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Tag: Europe

EU rules out fee for tech giants under digital markets act
Business

Europe scrambles for jet fuel as Middle East supply disruptions intensify

Europe is urgently seeking alternative sources of jet fuel as imports from the Middle East remain disrupted, forcing the continent to “fight for every cargo” in what analysts describe as a “global stress test” for the aviation sector. According to Société Générale analysts, the loss of Middle Eastern supplies following the Iran conflict is rapidly […]

EU rules out fee for tech giants under digital markets act
Economy

EU urges greater defence role in NATO as Trump shifts focus

Europe must step up efforts on defence and play a bigger role in NATO as United States President Donald Trump has “shaken the transatlantic relationship to its foundation”, EU top diplomat Kaja Kallas said on Wednesday. “Let me be clear: we want strong transatlantic ties. The US will remain Europe’s partner and ally. But Europe […]

Trump Media to raise $2.5bn for bitcoin investment
Economy featured

European leaders unite against Trump’s Greenland tariff threat

European leaders on Sunday strongly criticised United States President Donald Trump’s threat to impose tariffs on several countries because of their opposition to his desire to acquire Greenland. Several European nations, including Denmark which holds sovereignty over Greenland as an autonomous territory, declared that they “stand united” against Trump’s demand. “Tariff threats undermine transatlantic relations […]

Policy and Regulations

Niger restricts European visas in new diplomatic retaliation

Niger’s military government will restrict where Europeans can obtain a visa for the Sahel country in response to the “difficulties” it says Nigerien citizens face in obtaining visas from European embassies. Since taking power in a coup in 2023, Niger’s military-run government has promoted nationalist politics and turned its back on the West in favour […]

News Tech

Amazon to launch cloud services in Europe

Amazon Web Services on Wednesday, said that it would introduce a sovereign cloud in Europe for use by the government and clients in sectors with strict regulations. According to a statement from Amazon’s cloud computing division, the sovereign cloud will use servers housed in the European Union to store data, and only EU citizens working […]

Global stock markets find balance amid European equities
News

Global stock markets find balance amid European equities

Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns about a proposed bank profit tax. Meanwhile, the dollar experienced a slight decline as new economic data highlighted shifts in the Chinese economy. As Wall Street opened to mixed sentiments, the Nasdaq and […]

Google launches Bard chatbot in Nigeria
News Tech

Google launches AI chatbot in Europe, Brazil

Alphabet on Thursday, announced that it would launch Bard, an artificial intelligence chatbot, in Europe and Brazil. The product’s biggest growth since its February introduction, pitting it against ChatGPT, a rival supported by Microsoft. With the help of generative artificial intelligence, human-sounding programmes like Bard and ChatGPT can converse with users and respond to a […]

Amazon launches general-purpose AI agent Nova Act
Business

Amazon to open more warehouses in Europe

Amazon is planning to increase its presence in Europe by opening new warehouses and hiring more employees, despite the global economic downturn leading to cost-cutting measures and layoffs. According to Reuters, the company has invested €142 billion in Europe since 2010 and has seen growth in the region due to increased online shopping during COVID-19 […]

Ford logo
Business

Ford launches electric Courier van in Europe 

Ford Motor Co has launched a new electric Courier van for European business customers in an attempt to compete with electric van startups such as Arrival SA. According to Ford, the revamped lineup of smaller commercial vans for the European market will also include gasoline and diesel models. The chief of Ford Pro,Ted Cannis explained […]

Workers are participating in industrial action - Strike
Business

Hundreds of flights cancelled over German airport strike

German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds of flights on Friday. In addition to the most recent industrial action disrupting travel plans for some time now, strikes have taken place at four German airports. Reuters reported that German union Verdi called on security and ground handling personnel […]

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